Monday, 19 September 2016

Mark Zuckerberg Sold $285 Million In Facebook Stock In Past Month

Mark Zuckerberg has sold $285 million in Facebook stock over the past month, making headway on his pledge to give 99% of his wealth to charity. In the latest transaction, the social network’s CEO shed $95 million in stock on Sept. 9 and Sept. 12, according to a regulatory filing.
The couple announced their plans to give 99% of their Facebook shares to social causes in a Facebook post in December. At the time, their stock holdings were worth $45 billion.
Like Bill Gates,  Zuckerberg is likely to continue reducing his Facebook stake. He plans to sell or give away up to $1 billion in stock each year through 2018, according to the regulatory filing.